Update

RNS Number:6316O
BNB Resources PLC
13 August 2003



                               BNB RESOURCES PLC


                                     Update


BNB, a market leader in recruitment solutions, will be announcing its interim
results in the second half of September, as in previous years. These are
expected to show trading ahead of cash break-even and to represent an
improvement over both the first and second halves of 2002. The Barkers
recruitment communications business is trading particularly well.


The interim results will, however, include a significant provision, BNB having
recently been notified that the ATC Group, of which BNB is a significant
creditor, has gone into receivership. This provision will comprise the
following:


* #0.5 million in respect of loan notes, being outstanding deferred
consideration attached to the #11.5 million disposal in September 2000 of the
ATC Group by BNB, and


* an amount still to be quantified but not likely to exceed #3.5 million
in respect of potential property liabilities arising over the next three years.


BNB will provide a further update in respect of such charges at the time of the
interim results.


BNB continues to pursue its previously stated acquisition strategy and will
provide a further update at the time of the interim results.



Enquiries:


BNB Resources PLC
Paul Turner (Group Finance Director)                             020-7634 1165

Shore Capital & Corporate Limited
Jonathan Nelson                                                  020-7408 4090

Bankside Consultants Limited
Charles Ponsonby                                                 020-7444 4166







                      This information is provided by RNS
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